Expert: New PIF decision 'very clever,' it will 'improve' value of Newcastle
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(Credit: Getty) Sun 31 May 2026 18:00, UK Newcastle United’s PIF ownership are set to “improve” the value of the club by sanctioning plans for a new stadium to be built. That is according to former Everton chief executive Keith Wyness, speaking exclusively to Football Insider, who believes that plans for a move away from St James’ Park are “very clever” from the club hierarchy.The Magpies are planning to build a new ground on the Leazes Park side, and are also lining up the creation of a new training ground to try and reach the next level as a club.
Newcastle’s financial situation has been a topic of discussion in recent weeks amid reports of the owners trying to sell a stake in the club, but Wyness still feels that they have everything under control. 💰 Newcastle Finance Update 💰 Inside the PIF transfer budget, player wages, commercial growth, PSR updates and boardroom developments at St James’ Park. Total Revenue£335.3mMatchday Income£51.6mCommercial Income£120.1mWages£343mNewcastle’s 2024-25 financial accounts.Speaking on the latest edition of Football Insider’s Inside Track podcast, Wyness made it clear that he feels that could be the correct move, while he also outlined that a new stadium would “unlock the value” of Newcastle moving forward.“I’ve been trying very hard to speak to my Newcastle contacts, but even they don’t know, from what I understand internally, where the PIF are going,” he said.“I don’t see anything other than a very clever decision to actually unlock the value, which I think they should do, and put it into your money-raising assets like new stadiums.
Newcastle United have made a significant step forward in their ambition to build a new stadium with the purchase of the historic Leazes Terrace building behind St James’ Park.The buildings currently house student accommodation and Newcastle will receive the rental income from… pic.twitter.com/AxizvJuZXK— Telegraph Football (@TeleFootball) May 19, 2026 “It’s quite right to look at unlocking value. As long as they maintain control, that’s what they’re interested in, I think they understand that.”Keith Wyness thinks PIF are in it for the long haulWyness told Football Insider earlier this week that PIF will “see through” their project at Newcastle, rather than trying to jump ship and cash in on their stake in the club any time soon.